Carborundum Universal Limited has informed the Exchange regarding Outcome of Board Meeting held on May 12, 2025.
CARBORUNIV · price
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Carborundum Universal Limited reported its audited financial results for the quarter and year ended March 31, 2025. Standalone revenue from operations grew to Rs. 28,276 crore (from Rs. 26,332 crore), but standalone net profit dipped to Rs. 321.6 crore (from Rs. 350.4 crore). Consolidated revenue rose modestly to Rs. 48,942 crore (from Rs. 47,022 crore), while consolidated net profit fell sharply to Rs. 298.7 crore (from Rs. 476.2 crore) due to an exceptional item of Rs. 104.1 crore. The exceptional charge relates to impairment of assets at its Russian step-down subsidiary Volzhsky Abrasive Works (VAW), which faces sanctions-related uncertainties. The auditor (Price Waterhouse) issued an unmodified opinion on standalone results but drew attention to the VAW matter as an Emphasis of Matter in the consolidated report. The Board recommended a final dividend of Rs. 2.50 per share, taking total FY25 dividend to Rs. 4.00 per share. M/s. Sridharan & Sridharan Associates was appointed as Secretarial Auditor for five years.
Shareholders will benefit from a healthy total dividend of Rs. 4 per share for FY25. However, the sharp decline in consolidated profit due to Russia-related impairment and sanctions risk at VAW is a key concern that may weigh on stock sentiment in the near term, even though core standalone operations remain stable.